Spencer, City Council To Discuss Reading Water System Options

A 1947 topographic map of the Reading, Pennsyl...

A 1947 topographic map of the Reading, Pennsylvania area. (Photo credit: Wikipedia)

Mayor Vaughn D. Spencer and City Council will explore a more-lucrative lease or the possible sale of the water system to help Reading avoid its looming fiscal cliff.

Those two options are among several that could help close a $15 million budget gap that will open each year beginning in 2015.

In a three-page memo given to council at an executive session Monday, Spencer requested both sides jointly begin what he called a comprehensive and objective assessment of all the city’s options.

“These are things we can’t do without the support of council; they have to be part of it,” Spencer said later.

Read more: http://readingeagle.com/article/20140117/NEWS/301179948/1052#.UtltFfQo6c8

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